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RHT Health DPU drops 8.4% to 1.09 S cents for Q3

AN increase in borrowings as well as interest expenses dented results for Healthcare owner RHT Health Trustfor its third quarter.

Distribution per unit (DPU) declined 8.4 per cent to 1.09 Singapore cents from 1.19 Singapore cents in the preceding year, the group said in a Singapore Exchange filing on Friday morning.

That came as Q3 income available for distribution fell 8.6 per cent to S$9.2 million from the year-ago period.

For the three months ended Dec 31, gross revenue grew 3.1 per cent to S$23.2 million from the previous year.

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Net service fee expanded 2 per cent to S$13 million from the previous year.

Its properties include two RHT clinical establishments, four Greenfield clinical establishments and two operating hospitals throughout India, which were valued at about S$1.121 billion as at March 31, 2017.

The gain in gross revenue was due partly to the contractual 3 per cent increase in base fee and increase in other income, it said.

The increase is muted by the fall in variable fee because of lower operating revenue recorded by the clinical establishments operator and lower occupancy rate during the winter season and festive season, RHT Health added.

As at Dec 31, 2017, RHT's gearing was 25.5 per cent.

RHT units closed down S$0.015 or 1.9 per cent at S$0.77 on Thursday.

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